Singapore Company Formation

Singapore General Information

Singapore is located on the southern tip of Malaysia peninsula. Being one of the original tiger economies,Singapore is now a major international financial and trading centre, and rivals Hong Kong as the world's biggest container port. Singapore has a reputation for being highly regulated, while in reality, it is a carefully administered jurisdiction.

Singapore is a signatory to a number of double tax and investment protection treaties which provide some tax planning and security advantages. A Singapore company with external investments that are correctly structured and administered may not be liable for tax on profits generated from activities conducted outside Singapore. From Year of Assessment (YA) 2010, companies are taxed at a flat rate of 17% on their chargeable income. A newly incorporated company that satisfies the qualifying conditions can claim for full tax exemption on the first SGD100,000 of normal chargeable income (excluding Singapore franked dividends) for each of its first three consecutive YAs. Estate duty was abolished on 15 February 2008.

Singapore General Information

Singapore is located on the southern tip of Malaysia peninsula. Being one of the original tiger economies,Singapore is now a major international financial and trading centre, and rivals Hong Kong as the world's biggest container port. Singapore has a reputation for being highly regulated, while in reality, it is a carefully administered jurisdiction.

Singapore is a signatory to a number of double tax and investment protection treaties which provide some tax planning and security advantages. A Singapore company with external investments that are correctly structured and administered may not be liable for tax on profits generated from activities conducted outside Singapore. From Year of Assessment (YA) 2010, companies are taxed at a flat rate of 17% on their chargeable income. A newly incorporated company that satisfies the qualifying conditions can claim for full tax exemption on the first SGD100,000 of normal chargeable income (excluding Singapore franked dividends) for each of its first three consecutive YAs. Estate duty was abolished on 15 February 2008.